Stochastic processes and target zones revisited

Hamid Beladi and Avik Chakrabarti ()

Economics Letters, 2012, vol. 116, issue 1, 34-36

Abstract: We construct a model of exchange rate target zones that allows the stochastic process, with a closed-form general solution, to include the possibility of lagged response of fundamentals.

Keywords: Target zones; Exchange rate; Stochastic processes (search for similar items in EconPapers)
JEL-codes: F3 F33 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:1:p:34-36

DOI: 10.1016/j.econlet.2011.12.065

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